During the European session, the GBP/USD pair dropped below 1.2600. The Fed’s aggressive rate hike comments acted as a headwind for the US dollar. The downside remains muted ahead of the key FOMC/BoE monetary policy meetings. At the start of the European session, the GBP/USD price recovered some of its intraday losses and traded around … Continued
The post GBP/USD Price Recovery Stalled by 1.26 amid Risk Aversion, Eying Fed appeared first on Forex Crunch.